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Jan 13, 2013
01/13
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congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need for the joint strike fighter. there are tough decisions that have to be made. leadership in the military was difficult. there are things that are made now that will now be made in the future. that is what it takes to get our defense budget under control. in the question of closing loopholes, the president's budget has a number of specifics. we also have provisions that would take away the tax benefits to come to companies that export jobs. we think it is important to have our policy and tax code designed do reflect what we need to do in our economy. for the future, we need to develop new and renewabl
congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need...
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Jan 19, 2013
01/13
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the think after spending a million and have tax dollars, my sister is correct. if you have a good kid with good friendships and current supervision, the violent games are like comic books from the 1950's that were subversive, like "mad" magazine. host: the subtitle of your book implies there are concerns. guest: what parents can do is parent. i recommend that parents go to the entertainment ratings board site. there is not a summary of the plot and what they're credited with it did. -- now a summary of the plot and why they are rated up with corporate he went to look at games, -- rated. you want to look at games and see if they fit your values. host: troy is our last call. on the republican line. guest: most kids who play these games now, they play online. they are not isolated back in the 99 eighties and 1990's. -- like back in the 1980's and 19690's. they talk on microphones to which other. -- to each other from house to house. guest: again like grand theft auto, they're not getting children in the game. that would make the fantasy yucky. the caller makes good
the think after spending a million and have tax dollars, my sister is correct. if you have a good kid with good friendships and current supervision, the violent games are like comic books from the 1950's that were subversive, like "mad" magazine. host: the subtitle of your book implies there are concerns. guest: what parents can do is parent. i recommend that parents go to the entertainment ratings board site. there is not a summary of the plot and what they're credited with it did....
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Jul 9, 2013
07/13
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he will not support any tax increases in the budget. i realize we have a difference of opinion in the republican conference about that in the united states senate, but i think -- we have been calling for a budget for three years. passed in thet senate, and i did not like it, but at least the leadership brought it forward as required to do. is about a out it conference report, then the republican majority in the house can vote it down and it would. --t: germy peters rights jeremy peters writes -- guest: the facts simply do not support the accusations of senate democrats in this regard. with the judiciary for example. in the senate.d duringe the senate was the same time in the bush administration. testify wednesday , a district judge, which i have been asking the administration to put forward for quite some time. the point is not every nomination will get through. john tower did not get through in a democratic senate. at thelarge, if you look statistics, the senate has nominations,e executive and judicial by the obama administration than
he will not support any tax increases in the budget. i realize we have a difference of opinion in the republican conference about that in the united states senate, but i think -- we have been calling for a budget for three years. passed in thet senate, and i did not like it, but at least the leadership brought it forward as required to do. is about a out it conference report, then the republican majority in the house can vote it down and it would. --t: germy peters rights jeremy peters writes...
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Apr 18, 2013
04/13
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cutting spending in the tax code. then i think it also keeps promises to people, it to those that were part of their whole life and want nothing more than a secure retirement. and our veterans to whom we have made promises as the have donned the uniform and fought for the country. host: what about the issue of chain cpi? guest: i start with the very basic notion that social security has not contributed one penny to the current deficit or debt. table in not be on the this part of discussion. similarly, to be concerned about the long-term solvency of so-so security. urity.ial sec retirement security is a real question mark for many americans. let's look at the real contributors to our deficit and debt as we try to tackle those challenges. and host: two final questions before we go to calls. this is another article from the hill. why were you left off the list of the 12 senators that went to dinner? iest: i have no idea, but have been very pleased with the president's increase -- increase out reach to the senate and a ho
cutting spending in the tax code. then i think it also keeps promises to people, it to those that were part of their whole life and want nothing more than a secure retirement. and our veterans to whom we have made promises as the have donned the uniform and fought for the country. host: what about the issue of chain cpi? guest: i start with the very basic notion that social security has not contributed one penny to the current deficit or debt. table in not be on the this part of discussion....
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Jan 19, 2013
01/13
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we got no tax cuts. we're kicking the can down the road, and unless these people really start to get serious about this, we are going to be talking about this for the whole next four years and the country is only going to get worse and basically that's it. both parties have either got to come to the table and they have got to make meaningful cuts and get meaningful revenue to get out of this problem. thank you. host: and that will be it as far as calls for this segment. let me tell you what's coming up in the program. you have been watching the white house. this week president obama as part of his proposal on gun violence had a study on violent video games and cheryl olson the author of "grand theft childhood." later john lott will join us. he is the author of "more guns, less crime." he will be on to talk about the president's proposal to reduce gun violence. all throughout the district of columbia we have our c-span photographers out there taking in photos and event it's leading up to the inauguration.
we got no tax cuts. we're kicking the can down the road, and unless these people really start to get serious about this, we are going to be talking about this for the whole next four years and the country is only going to get worse and basically that's it. both parties have either got to come to the table and they have got to make meaningful cuts and get meaningful revenue to get out of this problem. thank you. host: and that will be it as far as calls for this segment. let me tell you what's...
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Feb 23, 2013
02/13
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we cut taxes on everything from groceries to inheritance tax. doing away with the gift tax. and most importantly, what we have not done in tennessee that a lot of other states have done, we have not cut k-12 education. last year we had the second- largest increase. we are going to keep focusing on those things we think are critical. >> one of those things i do not think you have decided on is whether or not to accept the medicare expansion. that has been in headlines the past few days. governor from florida is accepting the money. are you going to accept? >> we really have not decided yet. we commented to do our homework areas the impact on the state budget, a huge impact whether we expand or not. we are doing the math for the next 10 years. number two, the impact on the population that will be covered. it is logical to think that if you have coverage you will do a better job with preventative care. we have companies i can go back and track that. if you are covered, here is what it means to you. and third is the impact on healthcare providers. we are a big healthcare town. w
we cut taxes on everything from groceries to inheritance tax. doing away with the gift tax. and most importantly, what we have not done in tennessee that a lot of other states have done, we have not cut k-12 education. last year we had the second- largest increase. we are going to keep focusing on those things we think are critical. >> one of those things i do not think you have decided on is whether or not to accept the medicare expansion. that has been in headlines the past few days....
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Nov 29, 2013
11/13
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did the taxes flatter and get the corporate taxes down. that will help us, that will help businesses be more competitive, and frankly a lower, flatter tax for americans is good. the department of justice is choking education in louisiana. governor jindal open up the school system there to get, 90% black kids, 100% of them are poor, all of them in failing schools. to open up, so they could choose a better school. they chose the best goal -- school for their kids. why shouldn't all americans have equal opportunity in education? why shouldn't they have the opportunity to choose the best school for their kids. that is a great republican idea that you can take into the inner-city, take into the hispanics, taken to low and middle-class voters. who should republicans favor? everybody. exactly. >> thank you guys so much. we appreciate it. thank you all. for being here today. [applause] [captioning performed bynational captioning institute] [captions copyright nationalcable satellite corp. 2013] >> he has those numbers problem. after>> he has those
did the taxes flatter and get the corporate taxes down. that will help us, that will help businesses be more competitive, and frankly a lower, flatter tax for americans is good. the department of justice is choking education in louisiana. governor jindal open up the school system there to get, 90% black kids, 100% of them are poor, all of them in failing schools. to open up, so they could choose a better school. they chose the best goal -- school for their kids. why shouldn't all americans have...
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Oct 29, 2013
10/13
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by t, it cuts taxes owering the top tax rate for high-income americans from 39.6% to 25%. his is not a reagan budget supply-side economics. this isn't george herbert walker bush or george w. bush in 2001 or 2003, this is the current budget that we are going to have to negotiate and find common ground, cuts the tax rate from 39.6% to 25% in order to slash all of the social-safety net programs that we reviewed earlier. wrong-headed policy? well, as i close, and as this chart illustrates, when the top tax rate was at 39.6%, notwithstanding the fact that so many people on the other side of the aisle in good faith constantly say that type of tax rate is the type of rate that hurts the economy, but under the eight years of the clinton administration, 39.6% top tax rate, 20-plus million jobs created. eight years later, when the top tax rate was cut by this to 35%, we 39.6% jobs, that's an apples-to-apples comparison that discredits the notion that lowering the tax rate somehow stimulates growth in the economy when the eight years of the clinton administration as compared to the e
by t, it cuts taxes owering the top tax rate for high-income americans from 39.6% to 25%. his is not a reagan budget supply-side economics. this isn't george herbert walker bush or george w. bush in 2001 or 2003, this is the current budget that we are going to have to negotiate and find common ground, cuts the tax rate from 39.6% to 25% in order to slash all of the social-safety net programs that we reviewed earlier. wrong-headed policy? well, as i close, and as this chart illustrates, when the...
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Mar 6, 2013
03/13
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state sales tax. response.s get a guest: it turns out that the federal work force, because you are going to pay for some of the effects of the layoffs on sequestration. we will be laid off certain sectors. kindergarten teachers. 70,000 children are going to lose head start. white house tours are closed. not out of spite, but because we are cutting back on the secret service. we are having snow in washington. the weather service and even first responders, the federal work force, we have been looking carefully at that. we have been making the cuts there. i hope that things are not -- i have gone to, beach, by the way, which is right in your area and one of the most heavenly places on earth. you need the federal government to help with your roads and your road repair. so, when we ask people what we think you should cut, they are certainly not saying medicare and social security. 80% of people think that we should not cut those programs and i agree. host: congressman janice schakowsky, top democrat on the
state sales tax. response.s get a guest: it turns out that the federal work force, because you are going to pay for some of the effects of the layoffs on sequestration. we will be laid off certain sectors. kindergarten teachers. 70,000 children are going to lose head start. white house tours are closed. not out of spite, but because we are cutting back on the secret service. we are having snow in washington. the weather service and even first responders, the federal work force, we have been...
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Feb 7, 2013
02/13
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taxes. if the sequester is allowed to take place and a continuing resolution is not fixed, the department of defense stands to lose billions of dollars. the vice chairman of the joint chiefs said, "there could be for the first time in his career instances where he may be asked to respond to the crisis, and we may not be able to do it." where i am really pleased to the committee that we have and the minority in the senate, we have a lot of talent there. we will use all of that talent, we have people who are heading up are six committees, senators sessions, mccain, gramm, a -- ayotte and others on the committee. it has been my strategy in the past use this town to make sure they are the ones who will be driving it. senator ayotte. it will not be a one-man show. senator ayotte is the one who has been driving this so far. with this, the bill, which will explain what we will be doing with that. kelly? >> thank you, senator inhofe. i want to for thank senator mckeon and my colleagues senators mcca
taxes. if the sequester is allowed to take place and a continuing resolution is not fixed, the department of defense stands to lose billions of dollars. the vice chairman of the joint chiefs said, "there could be for the first time in his career instances where he may be asked to respond to the crisis, and we may not be able to do it." where i am really pleased to the committee that we have and the minority in the senate, we have a lot of talent there. we will use all of that talent,...
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Jan 13, 2013
01/13
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host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for senator hagel's side. if he says the wrong thing, he could lose his position in the community. it is astonishing to me that people have been so wrong from day one. the people have been wrong. iraq is a disaster with trillions of dollars. afghanistan is a disaster. we do not know what is going on. in syria, the christians are terrified. chuck hagel is reasonable. what did he say that has so destructive -- disrupted it all? he said the jewish lobby intimidate people. to people knowledgeable and aware, this is not an issue. host: this is someone from the republican line. this is slowly an
host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for...
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Apr 7, 2013
04/13
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host: and to the benefit of taxes and states? guest: they will save the federal government as never had a role in the state of marriage, that is a state role. i am cautiously optimistic we will see change their in a positive direction. it is clear the american public is moving in one direction on this and i and 11 -- delighted to live in a representative democracy or more officials are understanding what their kids -- constituents want. guest: i am not a supreme court expert. my guess is they will fight this out at the state level. host:" the new york times" looking at gun rights and will share with few comments from a senior official at a breakfast in a moment but let's go to ray from last vegas, democrats line, good morning. caller: 9 name is lee. host: sorry about that. caller: i want to make a comment about the budget plan, the one that edie munster came out with. it's a joke. he came up with a budget. it is a budget for the rich is what it is. my 8-year-old nephew says to me -- he says i don't know too much about this but it
host: and to the benefit of taxes and states? guest: they will save the federal government as never had a role in the state of marriage, that is a state role. i am cautiously optimistic we will see change their in a positive direction. it is clear the american public is moving in one direction on this and i and 11 -- delighted to live in a representative democracy or more officials are understanding what their kids -- constituents want. guest: i am not a supreme court expert. my guess is they...
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Feb 26, 2013
02/13
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you could say no taxes on that money or that we will start taxing money as it comes thin. host: dave in new jersey. caller: i think the problem that i see -- not so much that the sequester should take place. the programs that they are cutting. it is almost like we're being sent to timeout. the programs they are cutting are so critical for day-to-day operations. i do not understand the mindset as to why they choose these specific programs. it seems to me they are picking these programs that are so critical as opposed to some other programs that could probably be cut. guest: the important thing to remember about the sequester is that it is a timeout. it was designed as a punishment for congress if they did not put together a balanced program. now these are taking effect. that is what you hear from congressman. they were designed to be painful so that congress would come to a deal. they are a blunt instruments. host: they picked programs or was it across the board? guest: there are certain exemptions. the obama administration fought hard for low income people. there was no ap
you could say no taxes on that money or that we will start taxing money as it comes thin. host: dave in new jersey. caller: i think the problem that i see -- not so much that the sequester should take place. the programs that they are cutting. it is almost like we're being sent to timeout. the programs they are cutting are so critical for day-to-day operations. i do not understand the mindset as to why they choose these specific programs. it seems to me they are picking these programs that are...
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Apr 16, 2013
04/13
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the problem is is the way we have done it, they do not pay tax. you have to pay tax. and the employer would pay the tax. a ford are did not pay because it will not be here -- foreigner does not pay because they will not be here long. but we did not have the employer pay either. if the employer hires you, you will have to pay 15 percent more. why would anyone hire american when you can hire foreigners and pay them 15% less? with high unemployment, is the sticking point for a lot of people. a lot of little things like that within our immigration system that should be tweaked and never are. >> having immigrants and america can be very valuable to our economy. >> immigrants create jobs, create businesses, pay taxes. even those that are of -- not documented, it will pay a wide range of taxes. >> your testimony was that immigration actually saved new york, stimulation of the economy. can you briefly describe how that worked? >> i cannot speak with authority on any place outside of the five boroughs of new york city. i can tell you we think we have roughly 500,000 undocument
the problem is is the way we have done it, they do not pay tax. you have to pay tax. and the employer would pay the tax. a ford are did not pay because it will not be here -- foreigner does not pay because they will not be here long. but we did not have the employer pay either. if the employer hires you, you will have to pay 15 percent more. why would anyone hire american when you can hire foreigners and pay them 15% less? with high unemployment, is the sticking point for a lot of people. a lot...
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Feb 13, 2013
02/13
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our property taxes, school taxes, and any kind -- more hype, hype of taxes or anything, it's really a challenge for the american workers. >> thanks for your call. go to jonathan strong to get a response. guest: that is one that mp members would agree with, including democrats. he has had a reputation of not reaching out and interacting with members of congress in a way that hurts his agenda on the hill. at the same time, i mean there is one chamber that hasn't done a budget for four years and decided it didn't make sense for them. now they have changed that and going to do it. host: what about the state level, might we see more of that? guest: obama has been reaching out to people like that, including c.e.o.'s, different types of groups of people and help him support what he proposes. host: in the "washington times," senator borrow aso said the state of the union should focus on jobs. american people want to get back to work. independent line, brian? caller: i wanted to talk about why -- we have a lot of private companies making a lot of money off the war and a lot of people don't kno
our property taxes, school taxes, and any kind -- more hype, hype of taxes or anything, it's really a challenge for the american workers. >> thanks for your call. go to jonathan strong to get a response. guest: that is one that mp members would agree with, including democrats. he has had a reputation of not reaching out and interacting with members of congress in a way that hurts his agenda on the hill. at the same time, i mean there is one chamber that hasn't done a budget for four years...
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Apr 11, 2013
04/13
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. $1.40 trillion is raised in individual income taxes. taxes, $739ity billion. to learn to $24 billion. total revenue, $3 trillion. $3.80 trillion. defense takes $618 billion. defense takes $624 billion. $860 billion goes to social security. medicare takes $524 billion. medicare takes another $304 billion. $223est on the debt, billion. when you look at three different budgets that have passed, you can see president obama's budget, total spending over the next 10 years, $46.50 trillion. the same as the democrats, $41.70 trillion. $41.70 trillion. total revenue over 10 years, 41.2 trillion for the house. -- projected federal 19.0 trillion. those are some of the top line figures on the budget. we will try to break those down as we go through this morning's show. right now, we are taking your calls on the gun-control bill. i think too much of the the misuse of the issue of gun violence for gun making and we are whole issue is too complicated as far as gun control. they should pass it to the police department and let them handle it. he will have to get a permit from
. $1.40 trillion is raised in individual income taxes. taxes, $739ity billion. to learn to $24 billion. total revenue, $3 trillion. $3.80 trillion. defense takes $618 billion. defense takes $624 billion. $860 billion goes to social security. medicare takes $524 billion. medicare takes another $304 billion. $223est on the debt, billion. when you look at three different budgets that have passed, you can see president obama's budget, total spending over the next 10 years, $46.50 trillion. the same...
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May 26, 2013
05/13
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for tax exemption every year. as director, i'm responsible for with 900 employees nationwide and administer a budget of almost $100 million. my professional career has been devoted to fulfilling responsibilities for the agencies which i've worked and am very proud of the work i've done in government. on may 14, the treasury inspector general released a report finding the exempt organization's field office in cincinnati, ohio, used inappropriate criteria to identify for further review applications from organizations that plan to engage in political activity which may mean they did not qualify for tax exemption. on that same day, the department of justice launched an investigation into the matters described in the inspector general's report. in addition, members of this committee have accused me of providing false information when i responded to questions about the i.r.s. processing of applications for tax exemption. i have not done anything wrong. i have not broken any laws. i have not violated any i.r.s. rules and
for tax exemption every year. as director, i'm responsible for with 900 employees nationwide and administer a budget of almost $100 million. my professional career has been devoted to fulfilling responsibilities for the agencies which i've worked and am very proud of the work i've done in government. on may 14, the treasury inspector general released a report finding the exempt organization's field office in cincinnati, ohio, used inappropriate criteria to identify for further review...
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Feb 10, 2013
02/13
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there is a question about paying taxes. they pay taxes. you can tip of the social security. they really do not know who to attribute the money to because people have contributed. i think we need to do comprehensive immigration reform so it goes into the right account and that helps fuel the economy. i want the mir and the states and the federal government, although the tax dollars enough for it to be in the pocket of some unscrupulous employers do is taxing them and not sending the money on. given that he and his six legislation, we know there was an increase in the earning ability of the undocumented once they became. everybody keeps talking about innovation. let me give you a little bit of innovation. a cut above the uncertainty of the market. what we do and what the causes for the financial markets. i want everybody to think for a month but we think above the uncertainty and the 11 billion undocumented workers wake of uncertainty. i will tell thee what i think they will do. they will buy the house they have always been thinking about, but says they have been talking about
there is a question about paying taxes. they pay taxes. you can tip of the social security. they really do not know who to attribute the money to because people have contributed. i think we need to do comprehensive immigration reform so it goes into the right account and that helps fuel the economy. i want the mir and the states and the federal government, although the tax dollars enough for it to be in the pocket of some unscrupulous employers do is taxing them and not sending the money on....
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Feb 11, 2013
02/13
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for mitt romney and his 47%, that 47% pace sales tax, a gasoline taxes, they pay all kinds of taxes they never bother to tell anybody about. host: on the domestic front, this is an "and associated press," story. a growing number of republican governors are now buying into parts of the system as the financial realities of their state medical costs begin to pass it did begin to counterbalance the politics of the issue. 11 governors have rejected the issue while a dozen, who have been critical, have not announced and a decision. that is the decision to expand medicaid. a lot of republican governors have agreed to the medicaid expansion program. adam rich, louisiana. a democratic caller,. caller: it is a major problem that calls for spending cuts. it exacerbates our fundamental problem, which is too much concentration. too few have too much and too many have too little. 2% of the population can not possibly spend as much as the other 98%, or in at least demand as much. i am -- our middle-class has been strengthened not only in size but in share of our wealth. as long as that has happened, we
for mitt romney and his 47%, that 47% pace sales tax, a gasoline taxes, they pay all kinds of taxes they never bother to tell anybody about. host: on the domestic front, this is an "and associated press," story. a growing number of republican governors are now buying into parts of the system as the financial realities of their state medical costs begin to pass it did begin to counterbalance the politics of the issue. 11 governors have rejected the issue while a dozen, who have been...
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Feb 7, 2013
02/13
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we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our costs and why we have been so vocal about seeking postal reform legislation. we faced a major hurdle to return to profitability and long-term stability. we need to generate $20 billion in cost reductions and revenue increases to close the budget gap and be able to repay our debt, both close the gap and repay the debt. and this is why the board of governors has directed us to take every necessary step to reduce costs and conserve cash necessary to continue our operations. it's what we have been doing consistently over t
we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our...
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Feb 25, 2013
02/13
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you raised the pension taxes. now we are in a situation where you told us again and again the right to work that were you not going to enter into any discussions about that at all. now i read in the paper yesterday that next year we'll have to pre veil in wage, i am 30 some years. i am into my pension to retire. i made my plans. i did everything right. now i am trying to figure out exactly, i got over $200 tax last year, starting last rear, every month, and now, we it did right. we did everything. we planned. we did everything we were supposed to do. now we are talking about raising the fees on the cars for the road. we are talking about doubling gas -- well, gas price tax. i mean, it is like, i am looking that guy who said he was going to be a unite. now i am sitting here scared to death. >> that was bill from ann arbor, michigan. governor snyder, what do you make of what he had to say? >> guest: bill, i appreciate your situation. it is a challengeng time. if you look when i came into the office, we were dealing
you raised the pension taxes. now we are in a situation where you told us again and again the right to work that were you not going to enter into any discussions about that at all. now i read in the paper yesterday that next year we'll have to pre veil in wage, i am 30 some years. i am into my pension to retire. i made my plans. i did everything right. now i am trying to figure out exactly, i got over $200 tax last year, starting last rear, every month, and now, we it did right. we did...
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Mar 30, 2013
03/13
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tax rates. there are people who call for a flat tax. the bush tax cuts themselves suggest that tax cuts are not inherently pro-growth because the tax cuts were implemented in 2001 and we did not have the economic boom that was originally promised. there were other things going on. i'm not sure that simply cutting taxes ad infinitum would solve the problem. host: we have the tweet from a virginia, a texan, who says if anything tax hikes increase consumer spending because geezers spend what workers might have saved. guest: that is an interesting way to look at it, but there is evidence that during the clinton administration, for instance, there were tax increases, and the economy was booming, so tax policy looked at in the single compartment does not account for the entire growth outlook. we have a jobs problem in this country. we are coming out of a housing crisis that was historic that left americans deeply in debt, so some of the efforts that have been made to push the housing market along seem
tax rates. there are people who call for a flat tax. the bush tax cuts themselves suggest that tax cuts are not inherently pro-growth because the tax cuts were implemented in 2001 and we did not have the economic boom that was originally promised. there were other things going on. i'm not sure that simply cutting taxes ad infinitum would solve the problem. host: we have the tweet from a virginia, a texan, who says if anything tax hikes increase consumer spending because geezers spend what...
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Apr 7, 2013
04/13
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and increasing taxes. i would like to tie that to the 41 k programs as they currently exist in our country. programs have401k investors, employees of invest their money into mutual funds or, in other words, the stock market, which is variable. i think the president and congress would be wise to consider increasing the fica attack for social security 1% or 2%. that would make the program solvent. plansin mind that the 401k also have a match of 3% or 4% or whatever the employer decides. typically, most retirement planners recommend employees to invest 6%. our whole nation would be far more secure if they would invest a good portion of that 6% into an increased fica tax and if you did the numbers and multiplied this out, you would find out that social security would be very, very much sustainable for the long term if they would only increase its1, or 2, 0r 3%. is so variablet and volatile and people cannot really count on past performance being future results. host: let's go back to the article we referred to
and increasing taxes. i would like to tie that to the 41 k programs as they currently exist in our country. programs have401k investors, employees of invest their money into mutual funds or, in other words, the stock market, which is variable. i think the president and congress would be wise to consider increasing the fica attack for social security 1% or 2%. that would make the program solvent. plansin mind that the 401k also have a match of 3% or 4% or whatever the employer decides....
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Mar 5, 2013
03/13
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but why can't we stop the spending on the tax code, the spending of tax giveaways. they're called tax expenditures. they cost the taxpayer. if you're concerned about how much the deficit is costing every individual american, why don't we calculate how much the tax break for big oil corporations sending jobs overseas the -- oversea the list goes on and on, how much they cost america's working families. there san answer here to be hopeful, we can come together to say ok we all agree, reduce the deficit, cut spending make some changes that we can without hurting beneficiaries, and mandatory spending. why, why, why are these tax loopholes for special interest such sacred cows for the republicans? such sacred cows they won't allow mr. van hollen's bill to come to the floor are they afraid of the debate, afraid of the outcome of their vote. with that, i think the gentleman for his lead -- i thank the gentleman for his leadership on putting forward a balanced proposal to prere-deuce the deficit, to avoid sequestration, which we didn't, but as a counter to what the republic
but why can't we stop the spending on the tax code, the spending of tax giveaways. they're called tax expenditures. they cost the taxpayer. if you're concerned about how much the deficit is costing every individual american, why don't we calculate how much the tax break for big oil corporations sending jobs overseas the -- oversea the list goes on and on, how much they cost america's working families. there san answer here to be hopeful, we can come together to say ok we all agree, reduce the...
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Feb 6, 2013
02/13
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there's always the question about paying taxes. they pay taxes. you can check with the social security department. there is a large amount that those unaccounted for. they do not know who toot attribute that money to pray we need to do reform so when they pay tax it goes into the right account and it helps fund and fuel our economy. and what the mayor and the state and federal government to garner this tax dollars and not for it to be in the pocket of sun -- some unscrupulous employer who is taxing the but not sending the money on. we all know that there was an increase in the earning ability of the undocumented once the became. everyone keeps talking about innovation. let me give you a little innovation. we talked about the uncertainty of the market and what we do as a congress. the uncertainty of what we do and what that causes. i want everyone to think one moment. what you think about the uncertainty in the life of a male -- 11 million undocumented workers when you give them certainty? i will tell you what i believe they're going to do. they're
there's always the question about paying taxes. they pay taxes. you can check with the social security department. there is a large amount that those unaccounted for. they do not know who toot attribute that money to pray we need to do reform so when they pay tax it goes into the right account and it helps fund and fuel our economy. and what the mayor and the state and federal government to garner this tax dollars and not for it to be in the pocket of sun -- some unscrupulous employer who is...
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Mar 14, 2013
03/13
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most middle tax payers would see their tax rate go down. but to be quite a bit of reduction depending on where you are in the tax bill. i do not see anything in here. i read the entire bill. i do not see anything the home mortgage reduction or charitable giving. i do not say those things in here. i do not know what the ways and committee will do with this instruction. i'm not sure what and not a resolution of let's not raise taxes on the middle class effectively does. i would encourage my colleagues at his point to impose the amendment and just adopt a budget as written. i yield back. >> thank you. i yield 10 minutes to my friend from indiana. >> thank you. i do not believe there should be tax increases on anyone the matter their income levels. the best thing we can do is turn the economy around and create jobs and poor money back into this economy. our budget -- and pour money back into this economy. additional taxes on anyone damages the economy. let me see a quick story about my area in indiana. when i go home and i have conversations wi
most middle tax payers would see their tax rate go down. but to be quite a bit of reduction depending on where you are in the tax bill. i do not see anything in here. i read the entire bill. i do not see anything the home mortgage reduction or charitable giving. i do not say those things in here. i do not know what the ways and committee will do with this instruction. i'm not sure what and not a resolution of let's not raise taxes on the middle class effectively does. i would encourage my...
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Dec 15, 2013
12/13
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tax dollars have been wastefully spent. we could go into the bank of kabul fiasco and allocation of dollars there, but infrastructure projects that are all over afghanistan, and there is no oversight. these are around areas that are inaccessible to civilian employees. i would like to point out, i know the panelists are aware of this, but this is the afghan oversight access in 2009. the shaded areas are areas that civilian contractors or u.s. employees have access to in 2009. to do oversight. on u.s. taxpayer dollars being spent. if i flip over to the projected 2014 oversight areas, you'll notice a stark contrast. i know it's difficult to see but these gentlemen are aware of this, there are just little dots there. these are areas that u.s. inspectors do not have access to for oversight. these are u.s. taxpayer dollars. how much money are we going to continue to spend in afghanistan without proper oversight? that's what it's about. i don't have any questions. i could go through a lot of other examples. i think the american ta
tax dollars have been wastefully spent. we could go into the bank of kabul fiasco and allocation of dollars there, but infrastructure projects that are all over afghanistan, and there is no oversight. these are around areas that are inaccessible to civilian employees. i would like to point out, i know the panelists are aware of this, but this is the afghan oversight access in 2009. the shaded areas are areas that civilian contractors or u.s. employees have access to in 2009. to do oversight. on...
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Sep 9, 2013
09/13
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an un-- the affordable care act is lurching towards an -- the class act, the 1099 business activity tax, what about the federal pre-existing program, hasn't accepted a new patient since february of this year. how unfair is it that the large corporations this country received an 11th hour presidential exemption, members of congress receive a subsidy, none of this is available to the average american. i look at all of this and i ask, what tools are available to prevent this disaster? and when previous congresses used the one trump card they have available, all that is required is the courage and the clarity of vision to alter history. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from new york seek recollection anything? >> madam speaker, i request unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> thank you, madam speaker. i rise today to promote the first amendment to the united states constitution, specifically the right of all ci
an un-- the affordable care act is lurching towards an -- the class act, the 1099 business activity tax, what about the federal pre-existing program, hasn't accepted a new patient since february of this year. how unfair is it that the large corporations this country received an 11th hour presidential exemption, members of congress receive a subsidy, none of this is available to the average american. i look at all of this and i ask, what tools are available to prevent this disaster? and when...
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Oct 28, 2013
10/13
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a double whammy of higher mortgage rates and higher taxes. just what britain's hard-working families don't need. >> does the prime minister think it is fair that a woman will now have to pay 1200 pounds to take a maternity discrimination case? >> it is important people have access to employment tribunals. the one thing we have done is make sure that people don't earn those rights until they have worked for a business for two years. i think that is the right approach. chancellor'sthe economic policies, unemployment fell by 10% last month. it is now at its lowest level since september 2008. many of those jobs were created in small businesses who now have the confidence to invest. will the prime minister commit to supporting those small businesses to help grow the economy? >> efrin is quite right. fell but my honorable friend doesn't just talk about helping people back into jobs. he set of a jobs club in his constituency. that is the sort of social action on the side of the house we believe in. not just talking about it but helping. involvement
a double whammy of higher mortgage rates and higher taxes. just what britain's hard-working families don't need. >> does the prime minister think it is fair that a woman will now have to pay 1200 pounds to take a maternity discrimination case? >> it is important people have access to employment tribunals. the one thing we have done is make sure that people don't earn those rights until they have worked for a business for two years. i think that is the right approach. chancellor'sthe...
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Jun 24, 2013
06/13
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at the g-8, we achieved real progress on tax transparency and aggressive tax avoidance. it's a sad thing. while we were doing that, the party opposite is offering tax avoidance to journalists. they have not paid back the 700,000 pounds they all. let me remind the leader of the labour party what he said. if everybody approaches it like some the company's, we would not have a health service, an education system. yes to put his hand in his pocket give the money back. >> thank you. i wrote to you but have not received a reply. can i ask you now? the standard packaging of cigarettes. yes or no. >> lynton crosby has never lobbied me on anything. the only opinion i am interested destroy the credibility of the labour party. he has expertise. he is not doing as good a job as the party opposite. >> thank you. in that caseister of a newborn baby who has been confirmed as a doctor a private a you wait who died in afghanistan. wade who died in afghanistan. if youd not have arisen kept the dna of the soldiers. are we making any progress on that? is right to stand up for his constituen
at the g-8, we achieved real progress on tax transparency and aggressive tax avoidance. it's a sad thing. while we were doing that, the party opposite is offering tax avoidance to journalists. they have not paid back the 700,000 pounds they all. let me remind the leader of the labour party what he said. if everybody approaches it like some the company's, we would not have a health service, an education system. yes to put his hand in his pocket give the money back. >> thank you. i wrote to...
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Jul 15, 2013
07/13
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taxes? pretty much, right? every problem they say, the solution is to pick your pocket for more money. >> [indiscernible] liberators -- most people miss this and it is understandable in your generation. many believed in their own strong defense, so did richard nixon. the major difference between them and the modern day conservative movement is they believe that we had a strong defense because if we held the line and, as and, if we contain the them was the term they use, their society and our society would eventually converge. they thought our society would become more socialist than they would become more free enterprise. could do was contained them. that was their version of anti- communism were strong defense for there were differences about how much to spend and go about it. barry goldwater and ronald reagan had a fundamentally different approach. behind1 billion people the iron curtain or bamboo curtain. famousoldwater wrote a book of which ronald reagan took those principles and believe
taxes? pretty much, right? every problem they say, the solution is to pick your pocket for more money. >> [indiscernible] liberators -- most people miss this and it is understandable in your generation. many believed in their own strong defense, so did richard nixon. the major difference between them and the modern day conservative movement is they believe that we had a strong defense because if we held the line and, as and, if we contain the them was the term they use, their society and...
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Jan 2, 2013
01/13
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, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead, republican. >> i just want to say we will never get up this fiscal mess until the democrats understand that you cannot spend more money than you have. families have to live with a so does the country. send it back to the senate's and their them not to pass it, and say happy new year. kreps philip and alabama, independent line. good evening -- philip in alabama. >> the people of this country have created this mess we are in. we are the ones that elected yahoos who are sitting there right now, not accomplishing one thing. we should have stayed out of iraq
, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead,...
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Dec 16, 2013
12/13
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getting a budget agreement that reduces the deficit without raising taxes and prevents two government shutdowns from occurring in 2014 in my opinion is the right thing to do. >> c-span, we bring public affairs events from washington directly to you, putting you in the room at congressional hearings, white house events, briefings and conferences and offering complete gavel to gavel coverage of the u.s. house, all as a public service of private industry. we are c-span, created by the cable tv industry 34 years ago and funded by your local cable or satellite provider. now, you can watch us in hd. next am a discussion about u.s. trade policy and the issue of the president being able to negotiate international trade agreements. this is hosted by the organization, economy in crisis. it is an hour and a half. i would like to welcome you this morning to our program called do we need fast-track, the trade promotional authority. some of you may have seen a program last week on the same topic on c-span3. i watched it. fourd a panel of the former u.s. trade representatives, including andey kantor
getting a budget agreement that reduces the deficit without raising taxes and prevents two government shutdowns from occurring in 2014 in my opinion is the right thing to do. >> c-span, we bring public affairs events from washington directly to you, putting you in the room at congressional hearings, white house events, briefings and conferences and offering complete gavel to gavel coverage of the u.s. house, all as a public service of private industry. we are c-span, created by the cable...
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Jul 15, 2013
07/13
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bush who got through his tax cuts. bills that would never have they been subject to a senate filibuster. and in that sense, there is blood on these hands. because i helped create -- sorry. >> sorry. ouldn't see you behind the post. worries. >> john. this question is for mr. dunn. it's unclear if there's anything that would limit the applicability of the precedent talking about to certain nominations on the executive calendar. there anything that -- >> that's exactly my view. go down this you road and you have turned the majoritarian institution. and you have made it much like andhouse of representatives my reaction is, the senate was to be like the house of representatives. of things would the parliamentarian's office consider. >> unfortunately, if you look at ability of the parliamentarian's office to what the chair has said, to the senate when the united sident of the states, hubert humphrey cared advice en i can for the for the senate parliamentarian and made rulings consistently against the advice of the parliament
bush who got through his tax cuts. bills that would never have they been subject to a senate filibuster. and in that sense, there is blood on these hands. because i helped create -- sorry. >> sorry. ouldn't see you behind the post. worries. >> john. this question is for mr. dunn. it's unclear if there's anything that would limit the applicability of the precedent talking about to certain nominations on the executive calendar. there anything that -- >> that's exactly my view....
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Nov 21, 2013
11/13
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i cannot speak to your state taxes in georgia. your taxes would not go down with the current lyrical structure we have in washington area unless you are one of -- with the current political .tructure we have in washington what was the purpose of the affordable care act? the purpose was to provide insurance for the uninsured and help lower the cost for the sickest of our fellow americans. the way insurance works is that somebody is going to have to pay more. the notion that costs are going to go down for everyone, particularly when this administration has not seen -- said a single thing about tort reform, the notion that race will go down for everyone is tomfoolery. rates will go down for everyone is tomfoolery. unless you are one of the lucky few, your health care costs are going -- are not going to go down. host: bob, we are going to go back to you. be the first one to tell you why october 1 was the rollout date. mr. obama has never run any thing. he does not know about running a business. he does not know that is not how the wor
i cannot speak to your state taxes in georgia. your taxes would not go down with the current lyrical structure we have in washington area unless you are one of -- with the current political .tructure we have in washington what was the purpose of the affordable care act? the purpose was to provide insurance for the uninsured and help lower the cost for the sickest of our fellow americans. the way insurance works is that somebody is going to have to pay more. the notion that costs are going to go...
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126
Mar 31, 2013
03/13
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eitherdo that, we will eliminate your tax or reduce your tax dramatically. if they take their money and bring it back, taxes cut in half. they take the money and give it to small entrepreneurs and they make money that way. it is not like they are losing money. they are taking a bet on a different set of people. now you have trillions of dollars sitting in foreign banks and foreign companies because they do not want to bring it back to the united states. the question is, how you do that? you cannot charge an unadorned -- target minorities because you cannot use tax policy to help one group over another. this is something special for african-americans. but we have the special since we have been here. [laughter] it started with the declaration of independence and when all the way to the war and civil rights. you have to go back to special. if you can come up with ways to make it palatable to people because it is based on an economic model, then you have to do it. otherwise, in my opinion, not much will change. there is nothing on the horizon see that is changin
eitherdo that, we will eliminate your tax or reduce your tax dramatically. if they take their money and bring it back, taxes cut in half. they take the money and give it to small entrepreneurs and they make money that way. it is not like they are losing money. they are taking a bet on a different set of people. now you have trillions of dollars sitting in foreign banks and foreign companies because they do not want to bring it back to the united states. the question is, how you do that? you...
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77
Dec 13, 2013
12/13
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the cadillac tax simply taxes the exclusion. there are examples of where they were nonstarters before anyone had heard of the security act, much less the aca. i agree with paul. i spoke with self-insured firms last june. their ceo clients already directed them. make sure that we do not pay the cadillac tax. six years before they come into being. that is a hugely perp -- and packed full provision. provision.ull judgedance can be fairly against objective standards. until then, we rest the same kind of -- it seems to me that the biggest political barrier is sustaining the lower cost growth. what will the savings be spent on? deficit reduction or coverage expansion? the aca answers the question in one way. they were not coupled with a long run fiscal balance agreement. a long-run fiscal balance agreement was resolved on its own, because we did not yet have an aca. now we do have an aca. it seems to me that the aca supporters ought to give firmly behind some credible version of a long-term disco balance agreement. maybe this little,
the cadillac tax simply taxes the exclusion. there are examples of where they were nonstarters before anyone had heard of the security act, much less the aca. i agree with paul. i spoke with self-insured firms last june. their ceo clients already directed them. make sure that we do not pay the cadillac tax. six years before they come into being. that is a hugely perp -- and packed full provision. provision.ull judgedance can be fairly against objective standards. until then, we rest the same...
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Jun 22, 2013
06/13
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tax.an have a fair you could have a flat tax and say everyone under $20,000 is exempted,000 from the tax. whatever congress agrees on. i guarantee you at the moment there is no sentiment in congress to do a flat tax. they should. it is economically much more efficient. we could scrap the entire tax code. we could have a tax code that is one page long. ,ight now, so many corporations special interest groups, and politicians are vested in having this distortionary progressive tax system that it will probably never go away. it should.but i cannot imagine them having the will to do this. host: in "the washington post," there is the headline, "fed official slams plan to end stimulus." he said, "you should not make important policy changes based on the idea that you are optimistic about your forecast. data."-- you should wait until you see some data." what kind of data is fed -- and louis fed chairman james bullard -- st. louis' fed chairman james bullard talking about? guest: gdp growth. the fe
tax.an have a fair you could have a flat tax and say everyone under $20,000 is exempted,000 from the tax. whatever congress agrees on. i guarantee you at the moment there is no sentiment in congress to do a flat tax. they should. it is economically much more efficient. we could scrap the entire tax code. we could have a tax code that is one page long. ,ight now, so many corporations special interest groups, and politicians are vested in having this distortionary progressive tax system that it...
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Apr 7, 2013
04/13
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we have an abomination of a tax system. the fact is we need to streamline our tax code in a lot of ways, which i am happy to get into. what did they do with the sequester? yes, we need to cut defense spending and other non-defense discretionary spending, but not any steep across-the-board approach. what are they not doing? they are not addressing medicare, medicaid, social security, $1.1 trillion in tax preferences that represent back- door spending that are not in the financial statements, that are not reviewed and reauthorized. they are not dealing with the drivers of our structural problem, which are mandatory spending and our outdated tax system. health care is the fastest growing program cost, but the biggest risk the budget is interest costs. in interest, you get nothing for whatever you are paying for interest. i believe what has to happen is we need to reach a grand bargain and focus not on balancing the budget -- which will not balance the budget. the way that government calculates it is a bad joke anyway. what we
we have an abomination of a tax system. the fact is we need to streamline our tax code in a lot of ways, which i am happy to get into. what did they do with the sequester? yes, we need to cut defense spending and other non-defense discretionary spending, but not any steep across-the-board approach. what are they not doing? they are not addressing medicare, medicaid, social security, $1.1 trillion in tax preferences that represent back- door spending that are not in the financial statements,...
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97
Sep 18, 2013
09/13
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i have not seen any tax reform. i've seen tax changes. has had aeform that president and bipartisan congress working. ands a difficult objective unless you have a consensus and a working together of both parties and the president, it is unattainable. 1986 was the last time that happens. -- happened. we ought to take another step like that. whether or not we can is doubtful. is a hostage there taken on the debt limit, and we , it for with tax reform will not work, in my view. it is doubtful that we will see tax reform in this congress. we need and we would like to see it. democrats and republicans are working together. you see baucus and hatch working together. it was a zero-sum game to start out with and every interest group in town was energized that are postal. -- proposal. hostages, the only way it works is if you are willing to kill the hostage. do you think there is a real risk that we get to the point where we are unable to borrow from the treasury and default. given the fiscal issues and insistence, among republicans, of defunding
i have not seen any tax reform. i've seen tax changes. has had aeform that president and bipartisan congress working. ands a difficult objective unless you have a consensus and a working together of both parties and the president, it is unattainable. 1986 was the last time that happens. -- happened. we ought to take another step like that. whether or not we can is doubtful. is a hostage there taken on the debt limit, and we , it for with tax reform will not work, in my view. it is doubtful that...
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83
Jan 12, 2013
01/13
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threat of middle-class tax hikes to force last-minute dealing. tax increases barely pay for a few days of government spending. of all my years of public service, i have never had constituents asked me to raise their taxes. the problem is not at the american people are taxed too little. it is the fact that the government spends too much. i might be new to washington, but i'm no stranger to making tough traces. i'm honored to serve the people of nebraska. i stand ready to work with the president and my colleagues from both sides of the aisle to tighten watching tod's belt and cut spending. our economy and -- tighetning our nation's belt and cut spending. together we can do this. thank you and god bless the united states of america. >> our guests on "washington journal" is steve clemens and gary schmitt. ruchir sharma will discuss his book "breakout nations." "washington journal" live on c- span. >> this weekend on "
threat of middle-class tax hikes to force last-minute dealing. tax increases barely pay for a few days of government spending. of all my years of public service, i have never had constituents asked me to raise their taxes. the problem is not at the american people are taxed too little. it is the fact that the government spends too much. i might be new to washington, but i'm no stranger to making tough traces. i'm honored to serve the people of nebraska. i stand ready to work with the president...
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Oct 28, 2013
10/13
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eye 63
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he was a do it to a windfall tax. i say we need a price freeze, what does the prime minister want to do to recoup that money for the consumer? questionanswer the directly. we need to roll back some of the .reen regulations and charges yes! yes x? we all know who put them in place. >> very overexcited. i want to hear the answer. let's are the prime minister. >> he talks about john major winning elections, and he's right. he bk wheat and incredible labor leader. , and he isalso said absolutely right, was that labor's policy was unworkable and he is absolutely right. what we need to do is recognize their are four pieces to an energy bill. there are the wholesale prices which are beyond our control, there are the costs of transmission and the grid, which are difficult to change, their other prophets of the energy company and there are the green regulations. it is those last two that we need to get to grips with. i can tell the house today that we will be having a proper competition test carried out over the next year to g
he was a do it to a windfall tax. i say we need a price freeze, what does the prime minister want to do to recoup that money for the consumer? questionanswer the directly. we need to roll back some of the .reen regulations and charges yes! yes x? we all know who put them in place. >> very overexcited. i want to hear the answer. let's are the prime minister. >> he talks about john major winning elections, and he's right. he bk wheat and incredible labor leader. , and he isalso said...
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Jun 3, 2013
06/13
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it's a significant tax credit. he -- i think -- >> we need a microphone. >> 10% to 12% -- small group and individual market, 15%, 17% of the insured market out there. is that a relatively small -- in your opinion, is a small slice of the total market that would be affected? >> clearly, most people will not directly feel the impact of a.c.a., at least immediately. >> that's important to hear. >> because most people are employed by large employers who are not subject to the essential benefits and not subject to the minimum -- they are subject to a minimum value of 60%. they are not subject to these rating requirements. so they won't feel the type of impact that we're talking about for the other 20% or so. they will some impact because the large employers are going to be subject to the new taxes and fees. so they will see, you know, some of their premiums through these taxes passed on to them in the way of premium. you know, so, yeah, i think that's right that certainly a majority of the population is not going to be
it's a significant tax credit. he -- i think -- >> we need a microphone. >> 10% to 12% -- small group and individual market, 15%, 17% of the insured market out there. is that a relatively small -- in your opinion, is a small slice of the total market that would be affected? >> clearly, most people will not directly feel the impact of a.c.a., at least immediately. >> that's important to hear. >> because most people are employed by large employers who are not subject...
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Apr 10, 2013
04/13
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we don't need a budget that piles tax increase on top of tax increase. we need the private sector to grow again. we don't need a budget that spends more money we don't have. we need a balanced budget that encourages growth and job creation. we don't need an extreme unbalanced budget that won't balance in my lifetime or mine. the white house initially made some fantastic claims about the mount of deficit rezucks supposedly contained in its budget. when you get through the facts, and that's over a decade, all of it coming not surprisingly from tax increases. in other words, it's not a serious plan. for the most part, just another left-wing wish list. let me clarify a wish list asterisk.ith an the president concedes there needs to be a slide from bankruptcy. he is coming to grips with the math here. it's well past time for reform and it's something the president ought to want to do because he presumably cares about saving entitlement programs not because he wants another excuse to raise taxes. as we start to think about reforming entitlement programs we sho
we don't need a budget that piles tax increase on top of tax increase. we need the private sector to grow again. we don't need a budget that spends more money we don't have. we need a balanced budget that encourages growth and job creation. we don't need an extreme unbalanced budget that won't balance in my lifetime or mine. the white house initially made some fantastic claims about the mount of deficit rezucks supposedly contained in its budget. when you get through the facts, and that's over...
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Feb 9, 2013
02/13
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from the expiration of the payroll tax cut and higher tax rates on higher incomes. your meaning 0.25% is from a collection of other factors in the budget. that is the breakdown. that is as precise as we think we could reasonably be. as for the extra half question increase in the agriculture spending, i'm afraid i cannot speak to that directly. i do not know if my colleagues know that off hand. if not we have to get back to you separately. >> two questions. the first, really inside baseball -- in your june report you had debt to gdp at 200% by 2037. my colleague wants to know, based on this current report, it sounds like you have pushed that back to 2040. >> i do not think you can draw that conclusion. your colleague is referring to our long-term budget outlook from last year, which looks at 25 years and some of the on that. we have not updated those long- term projections yet. we will do that later this year. so we do not know how the change in the projections for the first decade will affect the path of debt beyond that. >> how do you factor in things like the frac
from the expiration of the payroll tax cut and higher tax rates on higher incomes. your meaning 0.25% is from a collection of other factors in the budget. that is the breakdown. that is as precise as we think we could reasonably be. as for the extra half question increase in the agriculture spending, i'm afraid i cannot speak to that directly. i do not know if my colleagues know that off hand. if not we have to get back to you separately. >> two questions. the first, really inside...
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Nov 20, 2013
11/13
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it raises taxes by $1 trillion. hours does it without raising taxes. i voted against the budget control act that said sequestration in motion, but it has enabled us to reduce discretionary spending for two years in a row, which has not been done since the 1950's, right after the korean war. it is not the best way to do it, but we preferred to -- and we would prefer to look at programs , but it has become percent goal of starting us on a path to get but it has -- accomplished the goal of starting us on a path to get out of debt. host: "the wall street journal" reports that if a deal is not reached between the budget committee negotiators, the house and senate conference committee, that overall discretionary spending would drop from 986 to 967 billion dollars for fiscal year 2014, with most of the cuts coming from the pentagon. culpepper, virginia. democratic caller. caller: thank you for taking my call. i wanted to ask the representative directly on the line, i believe very, very strongly that within our lifetime we will end war. i heard her say -- her
it raises taxes by $1 trillion. hours does it without raising taxes. i voted against the budget control act that said sequestration in motion, but it has enabled us to reduce discretionary spending for two years in a row, which has not been done since the 1950's, right after the korean war. it is not the best way to do it, but we preferred to -- and we would prefer to look at programs , but it has become percent goal of starting us on a path to get but it has -- accomplished the goal of...
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Dec 10, 2013
12/13
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, those taxes were actually terrorists. it was the king of england signing proposed tariffs on trade and tea among other things to generate money for his foreign wars trade grade when the founders wrote the constitution they very explicitly made sure that congress, the body closest to the people had exclusive authority over trade. they wanted to make sure the executive couldn't just unilaterally impose some trade policy that favored a friend or foreign interests. so when the founders wrote the constitution in article i a congress had exclusive authority over foreign commerce and setting tariffs. nixon in 1974 came in and with fast track up-ended 200 years of congress is control of trade policy that the founders wisely created in the constitution. but also fast-track open the door to what is often called diplomatic legislative as well as giving the executive branch a new and enormous role in control over trade agreements. fast-tracked or the first time ever authorized u.s. negotiators to actually set rules in trade negotiati
, those taxes were actually terrorists. it was the king of england signing proposed tariffs on trade and tea among other things to generate money for his foreign wars trade grade when the founders wrote the constitution they very explicitly made sure that congress, the body closest to the people had exclusive authority over trade. they wanted to make sure the executive couldn't just unilaterally impose some trade policy that favored a friend or foreign interests. so when the founders wrote the...
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Oct 31, 2013
10/13
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competitive tax in the yeats. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs that are currently supported by trade. as congress comes together in support of trade deals we'll help expand the biggest, -- the biggest mark place in the global economy and rere-inforce the position to invest and export. to that end, we're working to complete a transpacific partnership. this will boost exports and level the playing field in the asia pacific. i want to point out that the united states welcomes investment from around the world, from every type of intrep prize and doctor -- enterprise and all sectors. we are scommitted to mane taining the most open and transparen
competitive tax in the yeats. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs that are currently supported by trade. as congress...
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Aug 19, 2013
08/13
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he also cut taxes in an attempt to help the economy. recession, a spending goes up on programs like medicaid and food assistance. people are in need of government assistance. these are called the automatic stabilizers. that means that automatically during tough times, revenue goes down and spending goes up. that means the deficit goes up. when the economy begins to recover, those effects stayed and the deficit begins to come down again. that is what we are seeing now. host: we are going to take your calls on the segment. our phone lines are open. if you want to talk debt and deficit, republicans can call in -- our lines are open now. we want to take you through a chart, breaking down the numbers a little bit more for us. the federal deficit for fiscal -- revenues are up 14% and spending is down about 2.9%. this reduced is deficit more of a function of the spending side or the revenue side? it is a combination of both. what we have this year is a fiscal cliff deal. if you remember back to new eve,rs -- to new year's revenues went up beca
he also cut taxes in an attempt to help the economy. recession, a spending goes up on programs like medicaid and food assistance. people are in need of government assistance. these are called the automatic stabilizers. that means that automatically during tough times, revenue goes down and spending goes up. that means the deficit goes up. when the economy begins to recover, those effects stayed and the deficit begins to come down again. that is what we are seeing now. host: we are going to take...
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Dec 8, 2013
12/13
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and try to
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents...